Is Ethena About to Bounce Again? 🚀📈
The last time this setup appeared, ENA launched into a strong Channel Up — is history about to repeat?
📊 Technical Snapshot (1D Chart):
RSI: 52.27 → Neutral zone MACD: 0.053 → Slight bullish bias ADX: 32.17 → Strong trend building
Currently trading between the 1D MA200 and MA50 — the same structure we saw back in October 2024, just before a major rally to the top of the Rectangle!
⚡ Potential Setup:
Go Long with TP = 1.3000
Watch for a bounce from the MA50 for confirmation!
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